7408 Elsie ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90001
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,264 sqft
Price per Sqft $593
MLS Listing ID 25548595
Bedrooms 2
HOA Y/N No
Year Built 1926
Lot Size 4,721 Sqft
Property Description
7408 Elsie St is an exceptional opportunity to acquire a 5-unit property in a strong rental market with immediate upside. Priced at just $150,000 per unit, this investment offers a compelling 7.42% Cap Rate and 8.24 GRM. Three of the five units will be delivered vacant, providing flexibility for owner-users or investors seeking to renovate and achieve market rents. Situated on a large lot with room to build multiple ADUs (buyer to verify), the property presents significant value-add potential. Ideal for savvy investors looking to capitalize on strong in-place income with additional upside through ADU development and unit turnover. Don't miss this rare chance to purchase a low-entry-cost multifamily asset with multiple paths to increased returns.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LCR3*
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Appliance Refrigerator
Laundry None
Exterior
Parking Features Driveway
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Private Pool No
Building
Lot Description Back Yard
Faces West
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6024019046
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s),Window Bars
Special Listing Condition Standard
Lease Land No